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Non-Public Monetary Systems in information Economy

https://doi.org/10.32609/0042-8736-2013-5-151-159

Abstract

The article discusses the development of non-public monetary systems (NPMS), defined as a specific economic institution. It presents their comparison with public money systems depending on the size of transaction costs. The authors come to the conclusion that in conditions of the information economy on the basis of Internet-technologies NPMS receive a new impetus to their development and can make serious competition in regard to public monetary systems.

About the Authors

O. Krasilnikov
Chernyshevsky Saratov State University (Saratov, Russia)
Russian Federation


E. Krasilnikova
Stolypin Volga Region Institute of Administration (Saratov, Russia)
Russian Federation


References

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5. Krasilnikov O. Yu. (2012). Knowledge and Information in the Concepts of the “New” Economy // Izvestiya Saratovskogo universiteta. Novaya seriya. Seriya: Ekonomika. Upravlenie. Pravo. Vol. 12, iss. 2. P. 12—16.

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7. European Parliament (2000). Directive of the European Parliament and of the Council 2000/46/EC of 18.09. “On the Taking up, Pursuit of and Prudential Supervision of the Business of Electronic Money Institutions” (OJL 275, 27.10.2000).

8. Friedman M., Schwartz A. (1986). Has Government Any Role in Money? // Journal of Monetary Economics. Vol. 17. Р. 37—62.


Review

For citations:


Krasilnikov O., Krasilnikova E. Non-Public Monetary Systems in information Economy. Voprosy Ekonomiki. 2013;(5):151-159. (In Russ.) https://doi.org/10.32609/0042-8736-2013-5-151-159

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ISSN 0042-8736 (Print)